Annual Report 2007 - Severstal

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Governance Corporate structure of Severstal in 2007 General Shareholders’ Meeting Audit Committee Chairman – Martin Angle Corporate Secretary Oleg Tsvetkov Board of Directors Chairman – Chris Clark Nomination and Remuneration Committee Chairman – Rolf Stomberg Chief Executive Officer Alexey Mordashov Strategy Committee Chairman – Vadim Makhov Mining Russian Steel Severstal North America Lucchini Metalware Izhora Pipe Mill Finance* *Sold in November 2007. The restructuring of our Severstal businesses in 2008 Severstal Russian Steel Anatoly Kruchinin Severstal Resources Roman Deniskin Severstal International Gregory Mason Business heads 2008 Anatoly Kruchinin CEO, Severstal Russian Steel Anatoly Kruchinin, 47, began his career at Severstal in 1982. In 1993, he became Chief Power Engineer and in March 1999, he was made Commercial Director. From January 2002, Anatoly worked as Executive Director of Severstal, becoming the company’s CEO in July 2002. Since December 2006, he has been Chief Executive Officer of Cherepovets Steel Mill. Anatoly is a graduate of the Ivanovo Power Engineering Institute and holds an MBA degree from National Economic Academy under the Government of Russia. Roman Deniskin CEO, Severstal Resources Roman Deniskin, 40, has been Director General of Severstal Resources since 2002. From 1995 to 2002, Roman worked in the Moscow office of McKinsey & Company, advising steel, mining and smelting companies in Russia, the US and the UK. Roman has a mathematics and mechanics degree from Moscow State University, from where he graduated magna cum laude, and also an MA in economics from Ann Arbor University (Michigan). Gregory Mason COO, OAO Severstal and CEO, Severstal International Gregory Mason, 56, joined Severstal in 2004 having previously been a managing partner in Metal Strategies, an international metals industry management-consulting firm. In 2006, he was appointed as Chief Operating Officer of Severstal and in 2008 as CEO of Severstal International. Previous roles include Vice President of the Detroit Steel Company, Technical Director of Caparo Steel, Director of Steelmaking Technology at Davy International and Chief Engineer at KRUPP Industries (a division of KRUPP Stahl). Gregory is a registered professional engineer in the USA. He received his Masters degree from the Naval University of St. Petersburg. 68 Severstal Annual Report 2007
OAO Severstal and subsidiaries Consolidated financial statements for the year ended December 31, 2007 Severstal Annual Report 2007 69
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Annual Report 2007
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We are a leading international stee
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Sales by delivery destination 2007
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Corporate structure In April 2008,
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Dividend payments were 40.1% of 200
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Our strategy for growth is to: - Re
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Principal events of 2007 January Ch
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Reconstructed in 1996 using steel p
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The mining area of Vorkutaugol cons
Page 19 and 20: Severgal, Cherepovets is equipped w
Page 21 and 22: A process technician at Spartan Ste
Page 23 and 24: Severstal Annual Report 2007 21
Page 25 and 26: Severstal Annual Report 2007 23
Page 27 and 28: In 2007, Izhora Pipe Mill produced
Page 29 and 30: Crude steel production Million tonn
Page 31 and 32: Pipe industry In 2007, the steel co
Page 33 and 34: Risks Operational risks Investment
Page 35 and 36: Severstal revenue by segments,* 200
Page 37 and 38: Mining Severstal’s Mining segment
Page 39 and 40: Mining segment, sales by products,
Page 41 and 42: Mining segment, export sales, FCA b
Page 43 and 44: Russian Steel Crude steel productio
Page 45 and 46: Sales by products 2007 2006 Change
Page 47 and 48: Costs 2007 2006 US$ % of US$ % of C
Page 49 and 50: Key performance indicators 2007 200
Page 51 and 52: SNA revenues by industries Automoti
Page 53 and 54: Sales by products 2007 2006 Change
Page 55 and 56: Metalware Sales by industry in Russ
Page 57 and 58: Izhora Pipe Mill Production of larg
Page 59 and 60: Severstal on the capital markets Sh
Page 61 and 62: Eurobond issues Interest Date Date
Page 63 and 64: Corporate social responsibility Our
Page 65 and 66: Clockwise from above: We have spons
Page 67 and 68: Christopher Clark Independent Chair
Page 69: When joining the Board, Directors a
Page 73 and 74: Independent Auditors’ Report Boar
Page 75 and 76: OAO Severstal and subsidiaries Cons
Page 77 and 78: OAO Severstal and subsidiaries Cons
Page 79 and 80: OAO Severstal and subsidiaries Note
Page 119 and 120: Shareholder information and financi
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Annual Report 2007 - Severstal

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